(Senior) Credit Analyst

Vattenfall is one of Europe’s largest electricity generators and producer of heat. We operate in Sweden, Denmark, Germany, the Netherlands and the UK. Our strategy is to reduce emissions from power generation with a road map to achieving climate neutrality by 2050.

Energy is our contribution to quality of life – day after day. With around 20,000 colleagues Vattenfall provides comprehensive electricity and heating offerings to several million customers in Europe. For the work ahead we need people who are fully dedicated to our customers and to a sustainable society – people like you.

Vattenfall is looking for the right people to fill the position as

(Senior) Credit Analyst, Hamburg/Berlin/Amsterdam/flexible

for the Credit Risk Team which is part of Vattenfall Group Risk Management.

Vattenfall Group Risk Management aims to ensure long-term sustainable corporate development by providing state-of-the art support to decision-makers. Risk management not only provides transparency of risks versus opportunities, but also drives the processes for the identification, analysis, assessment and risk response. Group Risk Management is looking to strengthen its Credit Risk Management team.

The Credit Risk Team consists of an international team of experts spread across Amsterdam and Hamburg/Berlin. They perform counterparty evaluations, in-depth financial analysis, determine and monitor credit limits, as well as advise on mitigation measures. In addition, the team is in the process of rolling out Credit Risk Management across Vattenfall and therefore it aims to set and support development of new credit standards and processes. The job requires developing sound cooperation, both with external and internal stakeholders. Internal stakeholders are other Vattenfall business units with customer/wholesale/supplier contacts, as well as other functions within Group Risk Management and Vattenfall Management.

Your Main Tasks And Responsibilities

• Take responsibility for a portfolio of assigned counterparties (with particular emphasis on Nordic Business/Trading/Dutch Sales Business)
• Gather quantitative and qualitative data in order to perform a credit analysis of existing / potential customers, counterparties and suppliers with the aim to minimize potential and actual credit losses within the Vattenfall Group
• Allocate credit limits according to the Vattenfall risk mandate
• Prepare appropriate credit recommendations for decision makers, including the Vattenfall Risk Committee
• Actively seek possibilities for credit mitigation, recommend credit conditions
• Negotiate and administer master netting agreements (EFET, ISDA, FEMA, CPMA, etc.) and credit support documents (CSA, letters of credit, etc.)
• Analyze complex structured transactions and/or investment activities, as well as credit portfolios
• Perform industry and peer analysis
• Monitor and report daily, weekly, monthly credit risk and work as well in different projects within Credit Risk
• Keep relevant business units informed of developments regarding specific industries, markets and counterparties (e.g. mergers, acquisitions, financial news, organizational changes)
• Contribute towards improvement and development of credit risk management policies, procedures, tools and methodologies

Your background and profile

• Bachelor or Masters degree in Business or Economics or any other relevant study
• 2-7 years work experience in an analytical function, preferable within credit risk management in the energy markets
• Practical experience from areas relevant to the position, especially: analysis of counterparties, analysis of risks inherent in transactions and structuring of appropriate credit risk mitigation, origination and complex transactions, master netting agreement negotiation, credit portfolios with the aim of credit risk mitigation
• A thorough understanding and knowledge of cash flow, balance sheet and profit and loss analysis
• Understanding of the commodity and energy markets (physical and financial), as well as an understanding of the needs of the internal / external customers in the Trading, Sales, Treasury or Investment Procurement business in all countries where Vattenfall is active
• Ability to communicate and negotiate fluently in English on all levels of the organization is an absolute must
• Nordic/Dutch language skills are highly desirable
• Good cooperation and a team player in an international team
• Strong communication and relationship building skills
• Strong analytical skills, accurate, good judgment and decisiveness
• Strong written skills with the ability to write credit analyzes in concise and clear manner
• Independent worker and initiative taker

At Vattenfall, we are convinced that striving for diversity helps to build a more profitable, efficient and attractive company. Therefore we seek a harmonious balance of employees in terms of age, religion, gender identity & expression, sexual identity, disability and ethnic background.

What We Offer

• A permanent job based in Amsterdam/Hamburg/Berlin/flexible location
• An attractive salary package
• A company pension scheme
• Interesting development opportunities
• Flexible working hours
• Partly Homeoffice usage
• 30 days of vacation per year

We are passionate about what we do. Join us to Power Climate Smarter Living.

We welcome your application in English, including CV and cover letter via the link further down the page.

Further Information

For more information about the recruitment process contact Madelaine Boomgaarden +49 30 81822609 / [email protected]

We look forward to receiving your application!